CMS Energy Corporation Stock Forecast
CMS Energy Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The CMS Energy Corporation stock price fell by -1.88% on the last day (Friday, 26th Apr 2024) from $60.48 to $59.34. During the last trading day the stock fluctuated 2.25% from a day low at $59.32 to a day high of $60.65. The price has risen in 6 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately $136.47 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.58% during the next 3 months and, with a 90% probability hold a price between $59.86 and $64.75 at the end of this 3-month period.
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CMS Signals & Forecast
The CMS Energy Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $59.73. On a fall, the stock will find some support from the long-term average at approximately $59.02. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -1.88%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CMS Energy Corporation stock
CMS Energy Corporation finds support from accumulated volume at $59.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.34 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: $56.57 (-4.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CMS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CMS Energy Corporation to open at $59.77, and during the day (based on 14 day Average True Range), to move between $58.26 and $60.42, which gives a possible trading interval of +/-$1.08 (+/-1.83%) up or down from last closing price. If CMS Energy Corporation takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $59.27 (0.12%) than the resistance at $60.00 (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CMS Energy Corporation stock A Buy?
CMS Energy Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.154 Hold/Accumulate Downgraded
Predicted Opening Price for CMS Energy Corporation of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$59.77 ( 0.722%) | $59.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 61.10 | 2.97 % | |
R2 | 60.59 | 2.11 % | ||
R1 | 60.28 | 1.58 % | ||
Current price: | 59.34 | |||
Support | S1 | 59.26 | -0.138 % | |
S2 | 58.94 | -0.669 % | ||
S3 | 58.43 | -1.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 60.48 | 1.92 % | |
R2 | 60.28 | 1.58 % | ||
R1 | 60.00 | 1.11 % | ||
Current price | 59.34 | |||
Support | S1 | 59.27 | -0.118% | |
S2 | 58.25 | -1.84% | ||
S3 | 58.14 | -2.02% |
CMS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.515 | 0.87% |
2 | Feb 01, 2024 | Feb 09, 2024 | Feb 29, 2024 | $0.515 | 0.90% |
3 | Oct 20, 2023 | Nov 02, 2023 | Nov 30, 2023 | $0.488 | 0.86% |
4 | Jul 21, 2023 | Aug 04, 2023 | Aug 31, 2023 | $0.488 | 0.87% |
5 | Jul 21, 2023 | Aug 03, 2023 | Aug 31, 2023 | $0.488 | 0.87% |
FAQ
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